Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIV) Sees Strong Trading Volume – Should You Buy?

Invesco S&P Ultra Dividend Revenue ETF (NYSEARCA:RDIVGet Free Report) saw strong trading volume on Tuesday . 102,740 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 40,779 shares.The stock last traded at $49.65 and had previously closed at $49.04.

Invesco S&P Ultra Dividend Revenue ETF Trading Up 1.4 %

The firm has a 50-day simple moving average of $49.94 and a two-hundred day simple moving average of $49.17. The company has a market capitalization of $839.12 million, a price-to-earnings ratio of 12.00 and a beta of 0.95.

Institutional Trading of Invesco S&P Ultra Dividend Revenue ETF

Several large investors have recently added to or reduced their stakes in RDIV. Gateway Wealth Partners LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the second quarter worth $1,151,000. Cetera Investment Advisers lifted its position in Invesco S&P Ultra Dividend Revenue ETF by 8.1% during the 2nd quarter. Cetera Investment Advisers now owns 38,778 shares of the company’s stock worth $1,737,000 after acquiring an additional 2,908 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Invesco S&P Ultra Dividend Revenue ETF during the second quarter valued at about $243,000. Heartwood Wealth Advisors LLC boosted its holdings in Invesco S&P Ultra Dividend Revenue ETF by 1.3% during the third quarter. Heartwood Wealth Advisors LLC now owns 703,640 shares of the company’s stock valued at $35,138,000 after acquiring an additional 9,268 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of Invesco S&P Ultra Dividend Revenue ETF in the third quarter valued at about $51,000.

Invesco S&P Ultra Dividend Revenue ETF Company Profile

(Get Free Report)

The Invesco S&P Ultra Dividend Revenue ETF (RDIV) is an exchange-traded fund that is based on the S&P 900 Dividend Revenue-Weighted index. The fund selects the 60-highest-yielding stocks from the S&P 900 and weights them by revenue. RDIV was launched on Oct 1, 2013 and is managed by Invesco.

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